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CEO Predicts XRP Price Surge to $10–$25 Amid Market Shifts
Jake Claver, CEO of Digital Ascension Group, shared insights on XRP's potential price surge in a recent interview. His analysis includes key market and policy factors that could impact XRP's value.
- Claver projects XRP could reach $10 to $13 in the near term, with a stretch target of $20 to $25 by year-end.
- The approval of an XRP ETF is seen as a significant catalyst, with Claver expressing 90% confidence in its approval.
- Interest rate cuts are anticipated to drive investments into risk assets like cryptocurrencies. A 0.25% Fed rate cut has a 96% probability according to market expectations.
- A broader crypto rally is expected if rates ease, potentially boosting major coins such as Bitcoin and Ethereum, and in turn, benefiting XRP.
- Data shows over 80% of XRP's total supply remains unmoved for over a year, indicating strong holder positions and potential for extreme price swings if demand rises.
- XRP's utility in fast, low-cost cross-border payments is highlighted, particularly in Southeast Asia, enhancing its institutional appeal.
